Bridgeway Capital Management LLC Raises Stock Holdings in Taboola.com Ltd. $TBLA

Key Points

• Bridgeway Capital Management LLC increased its stake in Taboola.com Ltd. by 15.5% during the 1st quarter, owning approximately 0.49% of the company with a total valuation of $4.64 million.
• Several institutional investors, including Voya Investment Management and Northern Trust Corp, also raised their holdings in Taboola, contributing to 42.89% of the stock being owned by such investors.
• Analysts have mixed ratings for Taboola.com, with four analysts giving a Buy rating and two assigning a Hold rating, resulting in an average target price of $4.50.

Bridgeway Capital Management LLC boosted its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,572,984 shares of the company's stock after buying an additional 210,562 shares during the period. Bridgeway Capital Management LLC owned approximately 0.49% of Taboola.com worth $4,640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TBLA. Voya Investment Management LLC raised its holdings in Taboola.com by 18.8% in the 4th quarter. Voya Investment Management LLC now owns 103,054 shares of the company's stock valued at $376,000 after buying an additional 16,333 shares during the period. Northern Trust Corp lifted its position in shares of Taboola.com by 105.1% during the fourth quarter. Northern Trust Corp now owns 144,011 shares of the company's stock worth $526,000 after purchasing an additional 73,795 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Taboola.com by 95.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 67,088 shares of the company's stock worth $245,000 after purchasing an additional 32,849 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Taboola.com by 211.4% during the fourth quarter. Cubist Systematic Strategies LLC now owns 360,483 shares of the company's stock worth $1,316,000 after purchasing an additional 244,727 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. acquired a new stake in shares of Taboola.com during the fourth quarter worth about $785,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TBLA has been the topic of several research reports. Needham & Company LLC increased their price target on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Benchmark reduced their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. B. Riley increased their price target on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen cut shares of Taboola.com from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Taboola.com has an average rating of "Moderate Buy" and a consensus target price of $4.50.

Insider Buying and Selling

In related news, Director Erez Shachar sold 27,000 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the sale, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eldad Maniv sold 20,083 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the completion of the transaction, the chief operating officer owned 10,872,377 shares in the company, valued at $40,771,413.75. This represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,183 shares of company stock worth $174,467 over the last 90 days. Insiders own 24.70% of the company's stock.

Taboola.com Stock Down 0.3%

TBLA stock opened at $3.36 on Friday. The company's 50 day moving average price is $3.42 and its 200 day moving average price is $3.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The firm has a market capitalization of $889.39 million, a price-to-earnings ratio of 84.00 and a beta of 1.27.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.

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